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2022
Exports $740kWorld Rnk 26 / 113
Flag Rnk 631 / 1127
2022
Destination $257k Brazil
2021 - 2022
FASTEST GROWING MARKET $257kBrazil
2022
PRODUCT COMPLEXITY IN Watch Cases and Parts0.59Rnk 324 / 1025
2022
Imports $46.9MWorld Rnk 8 / 171
Flag Rnk 398 / 1201
2022
Origin $8.65M Hong Kong
2021 - 2022
FASTEST GROWING ORIGIN $8.65MHong Kong
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $740k in Watch Cases and Parts, making it the 26th largest exporter of Watch Cases and Parts in the world. At the same year, Watch Cases and Parts was the 631st most exported product in Philippines. The main destination of Watch Cases and Parts exports from Philippines are: Brazil ($368k), Hong Kong ($206k), Thailand ($70.8k), Chile ($29k), and Turkey ($24.2k).

The fastest growing export markets for Watch Cases and Parts of Philippines between 2021 and 2022 were Brazil ($257k), Hong Kong ($146k), and Chile ($29k).

Imports In 2022, Philippines imported $46.9M in Watch Cases and Parts, becoming the 8th largest importer of Watch Cases and Parts in the world. At the same year, Watch Cases and Parts was the 398th most imported product in Philippines. Philippines imports Watch Cases and Parts primarily from: Hong Kong ($28.3M), China ($8.39M), India ($4.88M), France ($4.21M), and Japan ($404k).

The fastest growing import markets in Watch Cases and Parts for Philippines between 2021 and 2022 were Hong Kong ($8.65M), China ($4.98M), and France ($3.84M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Watch Cases and Parts exports accounted up to $19.5k and imports accounted up to $24.1k, resulting in a negative trade balance of $4.59k. Between December 2022 and August 2024 the exports of Philippines'   Watch Cases and Parts have decreased by $-11.6k (-37.3%) from $31.2k to $19.5k, while imports decreased by $-64.9k (-72.9%) from $89k to $24.1k.

Destinations In August 2024, Watch Cases and Parts were exported mostly to Thailand ($19.5k) and Japan ($54), and were imported mostly from Switzerland ($16.2k), Hong Kong ($5.34k), China ($1.49k), Sweden ($620), and Japan ($446).

Growth In August 2024, the decrease in Watch Cases and Parts's year-by-year exports was explained primarily by a decrease in exports to Thailand ($-12.4k or -35.7%) and Japan ($-2 or -2.99%). In August 2024, the decrease in Watch Cases and Parts's year-by-year imports was explained primarily by a decrease in imports from China ($-4.69k or -52.8%), Sweden ($-2.58k or -87.3%), and Hong Kong ($-181 or -10.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - August 2024)$-11.6k(-37.3%)
IMPORT GROWTH (August 2023 - August 2024)$-64.9k(-72.9%)
MAIN DESTINATION (August 2024)Thailand$19.5k

This section shows Watch Cases and Parts's exports and imports data at subnational level for Philippines. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Watch Cases and Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$740k
IMPORTS (2022)$46.9M
NET TRADE (2022)-$46.1M

In 2022, Philippines exported $740k in Watch Cases and Parts. The main destinations of Philippines exports on Watch Cases and Parts were Brazil ($368k), Hong Kong ($206k), Thailand ($70.8k), Chile ($29k), and Turkey ($24.2k).

In 2022, Philippines imported $46.9M in Watch Cases and Parts, mainly from Hong Kong ($28.3M), China ($8.39M), India ($4.88M), France ($4.21M), and Japan ($404k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Watch Cases and Parts EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Brazil$257k (232%)
Hong Kong$146k (242%)
Chile$29k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Cases and Parts BY Philippines WERE (2021 - 2022):
Morocco-$60.9k (-100%)
China-$49.6k (-98.8%)
Singapore-$44.1k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Watch Cases and Parts were:
China $709M
Switzerland $150M
Hong Kong $118M
In 2022, Philippines's main importing competitors in Watch Cases and Parts were:
Switzerland $390M
Hong Kong $278M
China $88.1M

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Trade Value of Watch Cases and Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $169k
TOP IMPORT POTENTIALChina+ $2.46M

Watch Cases and Parts’s highest export potential is Hong Kong. With an export gap of $169k.   Watch Cases and Parts’s highest import potential is China with an import gap of $2.46M.

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